Expeditors International of Washington, Inc. $EXPD Stock: Wedbush Securities Inc. Boosts Stake

Wedbush Securities Inc. increased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 147.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,429 shares of the transportation company’s stock after acquiring an additional 12,159 shares during the quarter. Wedbush Securities Inc.’s holdings in Expeditors International of Washington were worth $3,772,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC boosted its position in Expeditors International of Washington by 2.4% during the third quarter. Fifth Third Wealth Advisors LLC now owns 4,024 shares of the transportation company’s stock worth $743,000 after purchasing an additional 95 shares during the period. Compass Wealth Management LLC bought a new stake in shares of Expeditors International of Washington in the third quarter valued at approximately $27,000. Root Financial Partners LLC bought a new stake in shares of Expeditors International of Washington in the third quarter valued at approximately $109,000. JSF Financial LLC bought a new stake in shares of Expeditors International of Washington in the third quarter valued at approximately $1,510,000. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at approximately $223,000. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Up 0.1%

EXPD stock opened at $196.38 on Friday. The stock has a 50-day simple moving average of $190.66 and a two-hundred day simple moving average of $172.28. Expeditors International of Washington, Inc. has a twelve month low of $117.45 and a twelve month high of $200.66. The firm has a market capitalization of $25.53 billion, a PE ratio of 34.33, a PEG ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same period in the prior year, the business earned $1.34 EPS. The business’s revenue was up 32.1% on a year-over-year basis. On average, equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on EXPD. TD Cowen raised their price objective on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a report on Wednesday, August 5th. Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. UBS Group boosted their target price on shares of Expeditors International of Washington from $210.00 to $220.00 and gave the company a “buy” rating in a report on Friday, October 2nd. BNP Paribas Exane initiated coverage on Expeditors International of Washington in a research report on Wednesday, September 30th. They set a “neutral” rating and a $180.00 target price on the stock. Finally, Robert W. Baird raised their price target on Expeditors International of Washington from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $175.27.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.

Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.

Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.